UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940 |
|
| ||||||||||||||||||||||||||||||
|
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. | SEC 1473 (7-02) | ||
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number. |
1. Title of Derivative Security (Instr. 4) |
2. Date Exercisable and Expiration Date (Month/Day/Year) |
3. Title and Amount of Securities Underlying Derivative Security (Instr. 4) |
4. Conversion or Exercise Price of Derivative Security | 5. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 5) |
6. Nature of Indirect Beneficial Ownership (Instr. 5) |
||
Date Exercisable | Expiration Date | Title | Amount or Number of Shares |
Reporting Owner Name / Address | Relationships | |||
Director | 10% Owner | Officer | Other | |
CORNELL CAPITAL PARTNERS LP 101 HUDSON STREET - SUITE 3700 JERSEY CITY, NJ 07302 |
 |  X |  | Please See Remarks |
YORKVILLE ADVISORS LLC 101 HUDSON STREET - SUITE 3606 JERSEY CITY, NJ 07302 |
 |  X |  | Please See Remarks |
ANGELO MARC 101 HUDSON STREET - SUITE 3606 JERSEY CITY, NJ 07302 |
 |  X |  | Please See Remarks |
/s/ Mark Angelo President, Portfolio Manager | 01/28/2005 | |
**Signature of Reporting Person | Date |
* | If the form is filed by more than one reporting person, see Instruction 5(b)(v). |
** | Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). |
 Remarks: This Form 3 is being filed by Cornell Capital Partners, LP ("Cornell) as the designated filer. These shares were acquired by Cornell in private placement transactions entered into in October 2004. As a result Cornell became the beneficial owner of over 9.9% of Kronos Advanced Technologies, Inc's ("Kronos") outstanding shares. As a result Cornell and Kronos terminated one private placement and Cornell returned to Kronos 2,941,177 shares bringing Cornell's holdings to 5,000,000 shares under 9.9% of Kronos' outstanding shares. Pursuant to a new SEDA dated January 28,2005 Cornell has agreed to accept 1,470,587 shares in 6 months and 1,470,588 in 12 months . Simultaneously with the filing of this Form 3 Cornell will file a Form 4. Yorkville, as the General Partner of Cornell, may be deemed to have a beneficial ownership in the aforementioned Shares. Angelo as the Portfolio Manager of Cornell Capital Partners, LP and President of Yorkville may be deemed to have a beneficial ownership in the aforementioned Shares. |